Market Signal Briefing

Ripple has recorded a massive on-chain transaction involving co-founder Chris Larsen, who moved over $120 million worth of XRP.

Blockchain data shows that Larsen transferred 50 million XRP, worth approximately $123.8 million, to an unknown wallet, according to Whale Alert’s insights on October 20.

Chris Larsen XRP transfer. Source: Whale Alert
The transfer, completed in under an hour, marks Larsen’s first major XRP movement since July. Notably, between July 17 and 23, 2025, he moved $175 million XRP, with about 140 million landing on exchange platforms. At the time, the impact on XRP remained muted, as the asset traded above $3.

Why Larsen transferred XRP 
While the initial transfer of the tokens was unknown, Larsen later confirmed on X that the tokens were part of an investment in Evernorth, a Ripple-backed firm that recently announced a $1 billion Nasdaq SPAC merger.

Congrats @ashgoblue and the @evernorthxrp team on today’s launch! Evernorth fills the missing link today in XRP capital markets, and XRP usage in DeFi products. I’m proud to invest 50M XRP in the firm (you may see some wallet movement on this). https://t.co/AAbkO6WlZe

— Chris Larsen (@chrislarsensf) October 20, 2025

Evernorth, supported by Ripple, SBI Holdings, and Armada Acquisition Corp II, aims to build the largest public XRP treasury and create a regulated investment vehicle to facilitate institutional exposure to the cryptocurrency.

The company is expected to raise $1 billion in gross proceeds, with $200 million already committed by Ripple affiliates and partners.

Larsen congratulated the Evernorth team, describing the firm as “the missing link in XRP capital markets” and emphasizing its role in expanding XRP’s use within decentralized finance.

However, the move has revived long-standing tensions between Ripple insiders’ market activity and investor confidence. 

With Larsen still holding 2.58 billion XRP valued at about $8.8 billion, analysts remain divided over whether the transfer signals bullish institutional positioning or a prudent hedge before potential volatility.

XRP price analysis 
Following the latest move, XRP price has not shown any significant movement, as the asset is trading in tandem with broader market sentiment. By press time, XRP was valued at $2.41, having plunged over 2% in the past 24 hours, while on the weekly timeline, the token is down 2.3%.

XRP seven-day price chart. Source: Finbold
Indeed, XRP’s current correction aligns with the broader market sentiment, which has erased recent gains. Now, the most important resistance for XRP remains the $2.50 mark, which is central to sustaining any hopes of the asset reclaiming $3.

Featured image via Shutterstock

On October 20, both US spot crypto ETFs saw a sharp decline in inflows. According to SoSoValue, Bitcoin ETFs dropped to $40.47 million outflows, while Ethereum ETFs reported $145.68 million. 

Bitcoin ETF Breakdown Bitcoin ETFs recorded $40.47 million in outflows led by BlackRock IBIT’s $100.65 million withdrawal. Other than that, five ETFs posted small inflows including VanEck HODL $21.16 million, Bitwise BITB $12.05 million, Invesco BTCO $9.94 million, and Fidelity FBTC $9.67 million. 

Smallest inflow of the day was reported by Grayscale BTC of $7.36 million. Overall, the total trading value dropped to $4.87 billion, marking a sharp plunge. Net assets came in at $149.66 billion, representing 6.76% of Bitcoin market capitalization. 

Ethereum ETF Breakdown Ethereum ETFs saw a total outflow of $145.68 million, with only two ETFs posting action. BlackRock ETHA saw $117.86 million in outflows, while Fidelity FETH reported $27.82 million. No inflows were recorded for the day. 

The continued outflows in Ethereum ETFs signals a negative market sentiment for the asset. The total trading value reached $2.15 million, slightly lower than the last week. Total net assets recorded $26.83 billion, marking 5.56% of Ethereum market cap. 

Market Context Bitcoin continues to experience a bearish trend as the price drops to $107,759.93. It fell around 3.19% in a day with a 24-hour trading volume of $62.34 billion.

Meanwhile, Ethereum is also facing similar market tension. Its price has dipped around $3,887.54 amid the market volatility. This marks a 4.55% decline from the previous day, as its market capitalization and daily trading volume also decline.

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Dogecoin (DOGE) faced heavy selling pressure heading into the weekend, slipping nearly 3% as institutional traders reduced exposure across major cryptocurrencies. The meme-inspired token struggled to break above the $0.20 resistance level, where repeated failures triggered algorithmic selling and profit-taking. Broader macroeconomic stress and renewed trade tensions between the U.S. and China fueled a defensive tone across altcoin markets, prompting funds to unwind risk positions.

The latest retracement in DOGE came amid a volatile week for global assets, as investors reacted to headlines on potential new tariffs. Institutional sentiment turned risk-off, with macro funds scaling back crypto exposure in tandem with deleveraging in altcoin futures. Additional pressure came from regulatory uncertainty, with the U.S. Treasury’s pending rules causing some corporate treasuries to trim digital asset allocations.

Price action between October 20 and 21 saw DOGE trade within a narrow $0.204–$0.197 range, highlighting strong selling above $0.20. Notably, trading volume spiked at 15:00 UTC, when roughly 818 million DOGE changed hands — nearly three times the daily average. Despite attempts to rebound, prices slipped toward $0.197 late in the U.S. session, with limited support emerging on lower volume. Another 1% drop occurred in the final trading hour as algorithmic triggers accelerated liquidations below the $0.20 mark.

From a technical perspective, DOGE remains in a short-term bearish structure while trading under $0.20. Key resistance sits at $0.20–$0.201, while support zones are seen at $0.194–$0.196. Analysts caution that a sustained move above $0.201 could prompt short covering toward $0.208–$0.21, but failure to defend $0.194 risks a deeper correction to $0.187. Traders are watching macro signals closely — easing trade tensions could spark a rebound led by DOGE and fellow meme coin SHIB.

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Toncoin faces an $80 million token unlock on October 23. Can the TON price withstand the pressure?

Summary

TON price failed to reclaim the $2.50 zone after rebounding from the flash crash to $0.54 on October 10, with the level now acting as major resistance.
With an $80 million unlock on October 23, TON risks a drop toward $1.83 or even $1.50 if selling pressure intensifies.

Toncoin (TON) price has recently broken below a critical support level at $2.50-$2.55, which is aligned with the 0.618 Fib, a zone that had held firm for months. The breakdown occurred on October 10, coinciding with a massive market liquidation event that wiped out nearly $19 billion in leveraged positions across the crypto market. During that session, TON price plunged from an opening price of $2.74 to as low as $0.54, marking an 80% intraday crash before quickly recovering.

Following the liquidation cascade, TON price staged a brief technical rebound, but momentum has since faded. TON is now consolidating above the new short-term support around $2.00, trading at $2.19 at press time. The former support at $2.50 has now flipped into major resistance.

TON price chart | Source: TradingView
TON price post-unlock outlook
With an $80 million unlock set for October 23, TON’s chances of reclaiming that resistance as support are not looking good. The RSI continues to track below its long-term descending trendline that began in late July. Each rally attempt since then has resulted in a lower RSI high, signaling that momentum remains firmly in bearish territory. At present, RSI sits near 35, showing weak recovery and limited buying conviction.

If buying pressure fails to strengthen, a rejection near the $2.50 resistance zone could trigger a renewed decline toward the next Fibonacci support around $1.83. A break below that level would further confirm the bearish continuation pattern, potentially setting the stage for a deeper retracement toward the $1.50 region.

SpaceX's Bitcoin movement highlights the potential for increased market volatility and investor caution amid global economic uncertainties. Elon Musk's SpaceX moves $268M in Bitcoin for first time in 3 months.

Ethereum Foundation faces public criticism for underpaying core developers despite a massive market cap.A former Geth team lead’s memo exposes internal decision-making, power imbalances, and growing tensions over decentralization.Key ecosystem figures, including Polygon’s CEO, are questioning their relationship with Ethereum amid claims of exclusion and lack of support.The Ethereum Foundation is under scrutiny following the resurfacing of a May 2024 letter from a former core developer.

In the document, the developer lambasted the EF’s organizational culture, accusing it of fostering an elite-driven power structure centered on co-founder Vitalik Buterin while marginalizing key contributors through inadequate compensation.

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What’s Really Happening Inside the Ethereum Foundation?Péter Szilágyi, who led Geth (Go Ethereum) from 2015 until his departure in 2025 publicly shared a letter he wrote to the Ethereum Foundation on May 22, 2024. In it, he highlighted three main pain points, voicing deep dissatisfaction with the Foundation’s governance, compensation structure, and overall direction.

First, Szilágyi revealed that he struggled with a disconnect between how the EF portrays his role and how it treats him internally. While the Foundation publicly presented him as a key leader embodying Ethereum’s open values, he claimed his input was often dismissed behind closed doors.

Szilágyi also voiced centralization concerns. The developer accused Buterin of holding indirect but absolute influence over Ethereum’s ecosystem. According to Szilágyi, Buterin’s opinions, attention, and investments largely determined which projects thrive.

“I have the utmost respect for Vitalik, but he became a victim of his own success. Whether he wants to or not, he is – and has always been – directly defining what becomes successful in Ethereum and what doesn’t……Ethereum may be decentralised, but Vitalik absolutely has complete indirect control over it,” he wrote.

Szilágyi claimed that the ‘small ruling elite’ of 5-10 people around Buterin—held power in shaping the network’s direction. This concentration of power, he argued, contradicts Ethereum’s founding principle of open participation and equality.

“We set out to create a world of equal opportunity, yet all the most successful projects are directly backed by the same 5-10 people, behind who you can find the same 1-3 VCs. And all this direct control is one happy friend circle of Vitalik. Ethereum’s direction always boiled down to your relationship with Vitalik.”

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Furthermore, Szilágyi criticized EF’s financial practices. He stressed that EF systematically underpaid the very people who built and maintained the network’s core infrastructure.

Szilágyi highlighted that over his first six years at the Foundation—while Ethereum’s market capitalization grew to hundreds of billions of dollars—his total earnings amounted to only $625 000 before taxes, with no incentives or equity.

“To paraphrase Vitalik: ‘if someone’s not complaining that they are paid too little, then they are paid too much.’ I truly believe this has been one of the biggest failures of EF leadership, and the fact that the Foundation is structured internally to deliberately hide this information, makes me firmly believe that even if originally this was accidental, the Foundation has since leaned full weight into it,” the former developer added.

Previosly, Szilágyi also alleged that the EF pressured the Geth team to spin out as an independent entity, offering $5 million to facilitate the separation.

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Former Developer’s Letter Sparks Backlash Against Ethereum FoundationMeanwhile, the revelations sparked intense criticism of the Ethereum Foundation from the community. Szilágyi’s comments about pay gaps quickly became a flashpoint, with many questioning how the foundation has been using its vast resources.

“if the lead dev at the ethereum foundation was making $100k/year for the last 6 years what have they been doing with the billions in eth they’ve been dumping all over our heads?” a user asked.

the lead engineer for Ethereum is paid $105k a year, pre-tax, with no benefits, no raises, and no incentives

ethereum has a market cap of $480b and the foundation recently sold $43m of $eth

where is the money going? pic.twitter.com/2PX4AQ53lH

— hype (@VarrockBank) October 20, 2025
Sandeep Nailwal, CEO and co-founder of Polygon, also publicly questioned his loyalty to Ethereum. He expressed frustration over the lack of support from both the Ethereum Foundation and its core community.

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Nailwal described the environment as exclusionary and noted a growing disconnect between Ethereum’s founding ideals and the way it treats major contributors like Polygon.

“The Ethereum community as a whole has been a shit show for quite some time….the Ethereum community ensures Polygon is never considered an L2 and is never included in the markets’ percieved Ethereum Beta…When Polymarket wins big, it’s “Ethereum,” but Polygon itself is not Ethereum. Mind-boggling,” he commented.

In response, Buterin sought to defuse tensions, posting a lengthy commendation of Nailwal and Polygon on X.

“I really appreciate both @sandeepnailwal’s personal contributions and @0xPolygon’ s immensely valuable role in the ethereum ecosystem,” he stated.

The executive praised Polygon for hosting Polymarket, supporting high-scalability applications and investing early resources in ZK-EVM research and developing key infrastructure like AggLayer. He also commended Nailwal for his philanthropy, including his leadership in CryptoRelief and returning $190 million in SHIB proceeds, which funded Buterin’s Balvi anti-pandemic initiative.

Nonetheless, neither the Ethereum Foundation nor Buterin have commented on the claims laid out in Szilágyi’s letter. The community now awaits Ethereum’s next actions, which could set major precedents for blockchain governance worldwide.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

SpaceX, led by Billionaire entrepreneur Elon Musk, has once again moved a total of 2,395 BTC of its Bitcoin holdings valued at $268 million just three months after its previous major transfer in July. On-chain data from Arkham Intelligence confirms that two significant transactions were made early Monday.

Key Takeaways
What triggered FLOKI’s 25% surge?
FLOKI’s rally was driven by $121 million in derivatives inflows and a 162% jump in Open Interest, signaling aggressive bullish positioning.

Why are analysts warning of a bull trap?
The RSI is overbought above 70, suggesting an imminent correction, while liquidity clusters show potential for volatile reversals in either direction.

The memecoin market recovered 5.5% in the past day. Market analysis shows Floki [FLOKI] played a major role in the rebound, surging 25% within this period—the highest gain among all memecoins.

While overall sentiment remains optimistic, early signs suggest that a bull trap may be forming, with bullish investors potentially facing steep losses. Here’s how AMBCrypto expects the market to unfold.

Where did FLOKI’s rally begin?
The clearest evidence of FLOKI’s rally comes from the derivatives market, where massive liquidity inflows were recorded in the past day.

Data from CoinGlass shows that Open Interest—the total number of unsettled derivative contracts—surged 162% to $37.5 million.

This suggests that investors are betting on FLOKI to lead the memecoin market recovery, as total crypto market capitalization rebounds to $3.75 trillion from $3.24 trillion on the 11th of October.

Source: CoinGlass

The Long/Short Ratio indicates that most derivative trading volume came from long traders—investors betting on further price gains. This means that market liquidity has tilted heavily in favor of bullish positions.

So far, most traders who took opposing short positions have lost. Liquidation data shows that $275,000 worth of short positions were wiped out as bearish traders were liquidated.

A bull trap ahead
Overconfident bulls could soon face a market reversal, according to technical indicators such as the Relative Strength Index (RSI) and the Average Directional Index (ADX).

The ADX, which measures trend strength, confirmed that the press time trend remained strong, reading at 38 rising. A high ADX value suggested that price momentum was likely to continue in the same direction.

Source: TrdaingView

However, the RSI gives a more cautionary signal. It shows that long traders in the derivatives market — those currently bullish — may face liquidation soon.

The RSI has entered the overbought zone above 70, a level historically followed by price corrections.

If this pattern repeats, the RSI will likely drop back into the bullish range between 50 and 70 after flushing out overleveraged traders, paving the way for a more sustainable rally.

What’s the likely scenario?
To forecast the next move, AMBCrypto analyzed the liquidation heat map to identify high-liquidity clusters on the chart.

Liquidity clusters represent areas of unfilled orders, which often act as magnets that pull prices toward them before reversing in the opposite direction.

Source: CoinGlass

Currently, there are significant clusters both above and below the current price, implying that the market could move in either direction without a clear dominant trend.

If price moves toward the upper liquidity clusters first, a subsequent decline may follow—aligning with the RSI’s signal for a short-term correction before another rally.

However, if price dips into lower clusters first, a deeper bearish outcome becomes more likely.

$2B to flow into BlackRock’s UK Bitcoin ETF: How UK traders could recycle into IBIT Gino Matos · 36 seconds ago · 2 min read

BlackRock’s iShares Bitcoin Trust (IBIT) began trading in the UK on Oct. 20, opening a market that could funnel between $1.5 billion and $2 billion into the fund over time as UK retail investors gain regulated access to Bitcoin (BTC) exposure.

The launch capitalizes on the Financial Conduct Authority’s (FCA) recent reversal of its ban on crypto-based exchange-traded products (ETPs).

BlackRock’s US Bitcoin ETF, which launched two years ago and has nearly $65 billion in lifetime inflows, now offers British investors entry at approximately $11 per unit. This is a fraction of Bitcoin’s current $110,365 price.

BlackRock reported $17 billion in net inflows to its digital asset products during the third quarter alone, part of $205 billion in total net inflows as the firm crossed $13 trillion in assets under management.

The math behind the opportunityThe UK crypto market holds an estimated £13.3 billion across 7 million investors, per FCA data from March 2025.

An IG report from early October projected the market could expand 20% following the FCA’s policy shift, translating to £2.4 billion to £3.2 billion in new capital, or roughly $3.2 billion to $4.3 billion.

Bitcoin products have captured 60.6% of crypto investment flows globally, according to CoinShares’ latest report.

Applied to UK projections, Bitcoin-focused vehicles could draw $1.93 billion to $2.6 billion. IBIT’s dominance in the US market, where it commands 75.5% of all Bitcoin ETF inflows since launch, suggests the fund could secure $1.5 billion to $2 billion from British investors.

Facilitating onboardingThe fund’s structure removes traditional barriers that kept mainstream investors on the sidelines.

Rather than navigating crypto exchanges, managing private keys, or purchasing entire coins, investors buy regulated shares through familiar brokerage accounts.

The low entry threshold, roughly $11 per unit, democratizes access to an asset that trades above $100,000.

BlackRock’s survey data supports aggressive growth projections. The firm expects a 21$ increase in UK adults investing in crypto for the first time over the next 12 months, with Britain ranking third in European crypto investment growth.

The company predicts 4 million Bitcoin investors in the UK by year-end.

Interest concentrates among younger demographics. IG’s research found 50% of 18-24-year-olds and 49% of 25-34-year-olds would consider investing in crypto via exchange-traded notes.

Additionally, 32%of prospective investors cite regulatory oversight and safety as primary motivations, while 19% value the ability to hold crypto within tax-efficient Individual Savings Accounts and Self-Invested Personal Pensions.

Bitcoin’s fixed supply of 21 million coins, with 95% already mined, creates scarcity dynamics that amplify demand pressures.

BTC’s price grew 120% last year, and is up by nearly 20% in 2025, driven partly by President Donald Trump’s pro-crypto stance following his return to the White House.

The UK government outlined plans last month for a comprehensive crypto-asset regulatory regime overseen by the FCA, positioning Britain to compete with jurisdictions that moved faster on digital asset frameworks.

BlackRock’s launch transforms that regulatory shift into accessible products for millions of retail investors who previously faced exclusion or complexity barriers.

Mentioned in this article

Latest Bitcoin Stories Latest UK Stories Latest Crypto Stories Press Releases

Tue, 21/10/2025 - 8:23

Ripple CTO David Schwartz breaks his silence on his role in new $1 billion XRP treasury firm Evernorth, confirming only an advisory part and hinting at limits to future commitments.

Cover image via U.Today

Ripple’s chief technology specialist, David Schwartz, has broken his silence on speculation around his involvement with Evernorth, a newly launched XRP treasury vehicle that just announced plans to raise over $1 billion through a Nasdaq listing. 

The firm, created via a merger with Armada Acquisition Corp II, is designed to operate like Strategy, but for XRP, absorbing supply from the open market and positioning itself as a long-term holder of the cryptocurrency.

The announcement, of course, created immediate buzz, as it was framed that Schwartz will "join" the project. However, within hours, the current Ripple CTO pushed back, clarifying that while he will advise the venture, he is not signing onto any arrangement that would consume his calendar beyond this year. 

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I'm not making any commitments past the end of the year that put significant demands on my daily schedule.

— David 'JoelKatz' Schwartz (@JoelKatz) October 21, 2025 This clarification matters because previously Schwartz announced that he would be leaving his current CTO job to take a break from active business and focus more on the family side of life. Still, he is maintaining his connection to Ripple but through a board of directors.

That is why it was confusing for some XRP enthusiasts to learn that Schwartz will be taking an advisory role in the new entity, but he himself clarified this point. For XRP holders, the nuance matters. Schwartz is lending his expertise, not abandoning his current post.

Another Ripple executive leavingAnother Ripple executive, Asheesh Birla, is also stepping down from Ripple’s board in light of a new $1 billion initiative, but to serve as its CEO. According to Birla, the company’s goal is to assemble a treasury war chest and pursue acquisitions in the wider digital-asset space, positioning XRP as the centerpiece of a diversified crypto portfolio strategy.

The market will be watching whether this structure, half Wall Street finance and half crypto-native conviction, finally gives XRP the kind of dedicated institutional sponsor it has long lacked.

Related articles

Crypto prices are sliding lower this morning, October 21, as renewed selling pressure pushes market sentiment back into fear.

Summary

Crypto prices are once again under pressure as selling picks up and traders turn cautious.
Over $40 billion in value has been wiped from the crypto market in the past 24 hours.
The Crypto Fear and Greed Index has dropped to 33, showing a clear return to fear territory.
Bitcoin (BTC) fell below $108,000, while Ethereum (ETH), Solana (SOL), and BNB each dropped around 5%.

The crypto market is turning cautious again amid global economic uncertainty and a wave of liquidations, wiping out over $40 billion in value. The Crypto Fear and Greed Index has fallen to 33 from 42 last week, slipping back into the “fear” zone and signaling a sharp shift from recent optimism.

BTC, ETH, others slump as crypto market slides
Bitcoin (BTC) is currently trading at $107,659, down 3.17% in the past 24 hours, per market data from crypto.news. The leading cryptocurrency briefly tested the $110,000 level but faced strong rejection, pulling back to current support near $107,500. If this level fails to hold, BTC could retest $105,000, a zone that previously acted as strong support during recent volatility.​

Ethereum (ETH) fell 5.28% to $3,860, extending its losses after failing to sustain above $4,000. Solana (SOL) dropped 5.05% to $183.42, while BNB (BNB) declined 5.84% to $1,068.90. Smaller-cap altcoins and memecoins were hit even harder, with several posting double-digit losses as traders exited risk positions.

The broader crypto market capitalization now stands at $3.74 trillion, a 2% decline from yesterday’s levels, with total trading volume holding steady at $437 billion.

Can crypto prices recover as regulatory pressure eases?
Part of the market’s hesitation ties back to the ongoing U.S. government shutdown, which has stretched into its third week. White House economic adviser Kevin Hassett recently told CNBC that a deal could be reached this week, which could reignite regulatory activity and bring a fresh wave of momentum back into the crypto market.

The shutdown, which began on October 1 after Congress failed to agree on spending priorities, has frozen key regulatory functions, including ETF approvals. More than 90 pending applications, covering assets like Solana, Litecoin (LTC), and XRP (XRP), remain stalled as the SEC and other agencies operate with minimal staff.

If the shutdown ends as expected, crypto regulation could resume quickly. Pending ETF decisions for major altcoins would move forward, potentially unlocking significant institutional capital and serving as a strong catalyst for price recovery.

Prediction data from polymarkets shows a 44% probability that the shutdown will end between October 23 and 26. An earlier resolution could reduce uncertainty and help stabilize crypto prices heading into the final quarter of 2025.​

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Coming out of the weekend, the Ethereum price has seen a rise in its bullish momentum. While it is still in its early stages, there is the possibility that the bulls are able to hold this momentum for a reasonable amount of time, thereby pushing sentiment straight into the positive once again. If this happens, then it carries some implications for the Ethereum price and could trigger the next wave of rallies for the cryptocurrency.

Ethereum Price Eyes Next Breakout
Speaking on the recent bullish momentum that the Ethereum price has enjoyed, crypto analyst Klejdi Muni revealed that this was a direct result of the formation of a bullish flag pattern on the chart. Not only did the Ethereum price complete this bullish formation, but it was also able to break above the flag, something that is very bullish for the cryptocurrency.

The initial breakout above the $4,000 resistance shows that bulls are picking up momentum, and the only hurdle now is to keep this momentum going. If the momentum is sustained, then the next target for the Ethereum price to beat would be at the $4,285 level. Once this level is broken, then it is only a matter of time before Ethereum rallies in what could be another campaign for new all-time highs.

On the flip side of this, though, is the possibility that bears would be able to drag the price back downward. This would happen if the support at $3,900 were to be broken. Such a move could invalidate the entire bullish thesis, especially if they are able to stop the current bullish momentum in its tracks. Thus, Ethereum bulls must keep the price above the $3,900 support if they want to maintain the current trajectory.

Source: TradingView
Bullishness Is The Order Of The Day
Another crypto analyst, Linofx1, has also echoed the bullish sentiments surrounding the Ethereum price. In their own analysis, Lino expressed that the Ethereum price was now bullish after testing a significant daily support level above $3,800.

With this, there was the formation of an Inverted Head and Shoulders pattern, which is ultimately bullish for any digital asset. The price was able to complete a breakout from the neckline, rising to the top before encountering some resistance. This, the analyst explains, shows that there has been a local change of character from bearish to bullish.

Source: TradingView
From here, the analyst highlights that the next level that needs to be broken is the $4,300 level. This is eerily close to Muni’s $4,285 resistance that holds the key to the next breakout.

ETH price fails to reclaim $4,000 | Source: ETHUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

Zcash’s shielded pool has surpassed 4.5M ZEC, locking nearly 27.5% of its supply and signaling growing confidence in privacy tech.Rapid shielding activity suggests holders prefer long-term storage over trading, potentially tightening market supply for ZEC.Rising adoption of zk-SNARKs and strong investor sentiment could sustain bullish momentum, supporting forecasts of major price gains.Zcash (ZEC), once a forgotten privacy coin, has made a remarkable comeback. In October’s fearful market conditions, it has become one of the most notable assets investors are watching closely.

The altcoin also achieved a major milestone: its Shielded Pool has surpassed 4.5 million ZEC. What does this mean, and how might it affect the price?

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Evidence Shows Interest in Zcash Goes Beyond PriceZcash (ZEC) recently hit a significant milestone — its shielded pool exceeded 4.5 million ZEC, according to CoinMetrics data.

Zcash shielded pool. Source: CoinmetricWithin just three weeks, around 1 million ZEC were moved into shielded pools, while ZEC’s price surged fivefold. However, instead of selling to take profits, users continued transferring their coins into shielded wallets.

Shielding in Zcash is the process of transferring funds from transparent addresses (t-addresses) to shielded addresses (z-addresses or u-addresses). This hides transaction details such as sender, receiver, and amount.

The technology relies on zk-SNARKs to ensure privacy without compromising the blockchain’s overall transparency. The growing number of users choosing to shield their coins reflects strong confidence in both the project and its privacy technology.

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“Signal: watch the Zcash shielded pool relative to ZEC price. Those who shield their ZEC don’t sell.” — Josh Swihart, CEO of Electric Coin Co. said.

What Does This Mean for ZEC’s Price?The expansion of the shielded pool suggests a decline in circulating supply. Coins that are shielded are typically held for longer periods instead of being traded frequently.

According to Coingecko data, ZEC’s total circulating supply is 16.34 million, with 4.5 million currently in shielded pools. That’s roughly 27.5% of the circulating supply, and the figure continues to rise. This dynamic adds upward pressure on price, especially if demand keeps increasing.

Victor, a developer within the Zcash ecosystem, described the phenomenon as a sign of real adoption rather than speculation.

“Normal crypto behavior: pump → exchange → dump.
Zcash behavior: pump → shield → zodl.
This isn’t speculation. It’s adoption of privacy tech.” — Victor said.

A recent BeInCrypto report noted that some analysts even predict ZEC could surge beyond $60,000.

Meanwhile, on the Myriad prediction platform, investors are betting that ZEC will hit $300 before November, with the odds reaching 69%.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Bitcoin’s price dropped again, falling below $108,000 as worries grow over rising tensions between the United States and China. The trade dispute between the two biggest economies has made investors nervous, pushing many to sell risky assets like crypto.

Bitcoin Stuck in a Volatile ZoneBitcoin is now trading around $107,800, after briefly jumping to $111,600 earlier. The coin has been moving up and down quickly as traders react to the changing political situation. 

According to Jeff Mei, Chief Operating Officer at BTSE, “macro concerns are driving day-to-day changes in the market.” He said traders are reducing their risk ahead of the upcoming meeting between U.S. President Trump and China’s President Xi Jinping. Mei added that even if they reach a deal, the market will stay unstable for a while.

US-China Trade War Hits Bitcoin HardThe trade fight between the U.S. and China has been heating up again, with new tariffs and export bans causing uncertainty in global markets. Every time the tension grows, Bitcoin’s price tends to drop as investors avoid risky assets. 

Earlier this month, Bitcoin fell to $104,782 after the U.S. announced new tariffs on Chinese goods, wiping out more than $150 billion from the crypto market.

The sell-off has also caused big losses for traders. Data from CoinGlass shows that over $322 million worth of crypto positions were liquidated in the past day. Earlier, on October 11, a huge $19 billion liquidation hit the market, the biggest in crypto history. 

Altcoins and ETFs Also FallThe drop didn’t stop with Bitcoin. Ethereum is down nearly 5%, BNB lost 6%, and Solana dropped 4.5%. Crypto exchange-traded funds (ETFs) also saw large outflows, with $40.5 million leaving Bitcoin funds and $145.7 million exiting Ethereum funds. Investor fear is rising, with the Fear and Greed Index now at 34, showing growing caution.

Can Bitcoin Bounce Back?Despite all the tension, some analysts still believe Bitcoin has a bright future. Traders are now watching for new inflation data that could affect the U.S. Federal Reserve’s interest rate decision. The CME FedWatch Tool shows a 98.9% chance of a small rate cut later this month, which could help crypto prices recover in the short term.

However, analyst Willy Woo warned that the next crypto downturn might come from a global economic slowdown, not just a market cycle. Whether Bitcoin will act more like gold or tech stocks in that case remains to be seen, but for now, trade politics continue to shape its every move.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

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Japan’s top regulator is reportedly weighing a policy change that would let banks offer Bitcoin custody and trading services.

Japan Considering Allowing Banks To Offer Crypto-Related Services
As reported by Japanese newspaper Yomiuri, Japan’s Financial Services Agency (FSA) is considering allowing banks to acquire and hold digital assets like Bitcoin for investment purposes.

This reform, if enacted, would change the banking landscape in the East Asian nation. Currently, banks are prohibited from making cryptocurrency acquisitions for the purpose of investments under FSA guidelines introduced in 2020.

Under the new regulation, banks would be able to trade Bitcoin and other digital assets in a similar way to stocks and government bonds. There would also be certain safeguards to ensure the institutions’ financial stability.

This isn’t the only rule change the FSA is looking at. According to the report, the regulator is also discussing permitting banking groups to register as “crypto exchange operators.” As these exchange operators, they will be able to offer digital asset trading and exchange services directly to customers.

The intent behind the move is to make it easier for retail investors to participate in the cryptocurrency sector through institutions that are well-regulated and highly credible.

The reform will be taken up in the next working group meeting of the Financial System Council, a government advisory panel under the Prime Minister. Whether the rule change will ultimately come to pass remains to be seen.

In some other news, Beijing has put a roadblock on Hong Kong’s stablecoin plans, according to the Financial Times. Hong Kong launched its stablecoin legislature earlier this year, making it so that institutions seeking to issue fiat-tied cryptocurrencies in the region have to obtain a license from the Hong Kong Monetary Authority (HKMA)

Several high profile names like Ant Group and JD.com had lined up to register with HKMA, with the first batch of licenses expected to arrive next year. It seems, however, that the tech giants have now put their plans on ice after Chinese regulators urged them not to move ahead, raising concerns about the rise of currencies controlled by the private sector.

While China continues to be cautious about stablecoins, the rest of the world has been moving forward in adoption of these digital assets, including other Asian countries. According to a Friday report, three major Japanese banks are preparing to issue a yen-backed token before the end of the year.

Separately, an earlier report from August noted that four major South Korean financial institutions were in talks with Tether and Circle, the issuers of the two largest stablecoins, USDT and USDC.

Bitcoin Price
Bitcoin has seen a jump of around 3% over the past day, recovering back above the $110,600 mark.

The price of the coin has made recovery from its recent plunge | Source: BTCUSDT on TradingView
Around $139 million in liquidations on derivatives exchanges have accompanied this Bitcoin surge.

The liquidation heatmap for the crypto market | Source: CoinGlass
Featured image from Dall-E, CoinGlass.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Tom Lee’s Ether treasury firm has been aggressively buying the dip since the market crash earlier this month. 

BitMine Immersion Technologies has made its fourth purchase of Ether since the record liquidity flush on October 10.

The company scooped up $250 million in ETH from Bitgo and Kraken on Monday, according to Arkham Intelligence which said “These accounts match Bitmine’s prior acquisition pattern.”

“Will Tom Lee ever stop buying?”

3.2 Million ETH Holdings
The wallets purchased 63,538 ETH this week and a whopping 379,271 ETH last week. This brings the total to 442,809 ETH worth around $1.74 billion at current prices purchased since the market crash.

This aggressive dip buying, which Bitcoin treasurys have not replicated, has pushed BitMine’s total to around 3.17 million ETH, but the company has yet to confirm the most recent purchases officially.

This would give it around 2.6% of the entire supply of the asset, and over 50% towards its target of 5%.

🚀 From 163,000 ETH to 3.24 MILLION ETH in just 3 months. 🤯

Bitmine’s accumulation is historic, week after week, they’ve been loading the bags nonstop:

July 14 — 163K

Aug 10 — 1.15M

Sept 14 — 2.15M

Oct 19 — 3.24M 🔥

At this pace, they’re on track to control 5% of all $ETH in… pic.twitter.com/skfLh9vQAi

— BMNR Bullz (@BMNRBullz) October 20, 2025

BitMine chairman Tom Lee is confident that this is not the top of the crypto cycle. “So I think we’re at the basement and working our way back up,” he told CNBC on Friday.

You may also like:

Vitalik Buterin Unveils GKR: A Faster, More Scalable Zero-Knowledge Protocol

Ethereum (ETH) Rally Ignites as Investors Pour $205M Despite Market Turmoil

Ethereum Reclaims $4K, Poised For Explosive Breakout Say Analysts

Lee has also recently stated that BitMine is preparing to roll out its own Ethereum staking solution very soon.

Coinbase is also bullish about fourth quarter momentum for crypto markets and the influence of digital asset treasurys (DATs).

“Looking at the supply/demand picture, it’s hard to overstate the impact that digital asset treasury companies have had on markets this year,” wrote David Duong, head of research at Coinbase Institutional, in a recent research paper.

Ether Prices Retreat
The same crypto market pattern has playing out daily: Asia pumps markets with buying, and America dumps with selling, preventing any sustained upward momentum.

As a result, Ether prices have fallen back below $4,000 again. ETH hit an intraday high of $4,080 in early trading on Monday, but sustained selling pressure on the US timezone pushed it back down to $3,940 where it currently trades.

The asset has only seen a marginal recovery from its double dip in October and needs to clear $4,000, and stay above it, to see any real progress.

Ethereum’s weekly chart is “loading a monster move” with a double retest of the exponential moving average, observed analyst ‘Merlijn the Trader” who added that it pumped 70% last time this was seen.

8h05 ▪
4
min read ▪ by
Fenelon L.

Summarize this article with:

A major outage of Amazon Web Services paralyzed the main crypto platforms on Monday, revealing once again the paradoxical dependence of a sector that advocates decentralization. From MetaMask to Coinbase through Base and OpenSea, malfunctions multiplied throughout the day.

In brief

Amazon Web Services experienced a massive outage on Monday, severely disrupting the crypto ecosystem for several hours.
MetaMask displayed zero balances for many users due to failures at Infura, its blockchain data provider.
Coinbase, Base, OpenSea and other major platforms faced persistent difficulties, especially on the US East Coast.

A centralized infrastructure weakens the crypto promise
The outage began early Monday morning, abruptly revealing the flaws of a sector nonetheless built on the promise of resilience. Users of MetaMask, one of the most widely used decentralized wallets in the world, were shocked to discover balances showing zero.

No, their funds had not disappeared: the issue came from Infura, the service that connects decentralized applications to blockchains. However, this provider depends directly on Amazon Web Services (AWS) to extract real-time data.

Deprived of this infrastructure, applications found themselves cut off from access to the Ethereum, Base, Polygon, Optimism, Arbitrum, Linea and Scroll networks. A disturbing observation: even tools praising decentralization still rely on centralized actors to operate.

The Base network, developed by Coinbase and presented as a fast and scalable solution, also faltered. After a brief lull in the afternoon, problems re-emerged: high latencies, synchronization errors, inconsistencies in block production. For a network meant to symbolize the modernity and robustness of Web3, the setback is severe.

As for Coinbase, Base’s parent company, it struggled to restore all its services. Several hours after the outage began, many users remained unable to trade or transfer their assets. This situation was all the more embarrassing as Robinhood, affected by the same AWS failure, had already resumed normal operation.

The paradox of decentralization revealed in broad daylight
OpenSea, the leading NFT marketplace, was not spared by the storm. Its CTO, Chris Maddern, explained that despite a “functioning appearance” of the site, several upstream providers continued to encounter major difficulties. 

Result: sporadic interruptions, an abnormally high error rate and a greatly degraded user experience. Maddern also warned that these disruptions could persist for several hours before a full return to normal.

This crisis highlights a central question: how can a sector founded on decentralization depend so much on a single cloud infrastructure provider? 

The AWS incident revealed a worrying structural fragility, exacerbated by the geographical concentration of servers. Users on the US East Coast were among the most affected.

Ironically, this widespread outage also had a positive side effect: a dramatic drop in Ethereum transaction fees. With activity sharply down, gas fees fell below 0.1 gwei, according to Etherscan data—a historically low level, equivalent to less than a tenth of the previous day’s rate and under 1% of the average costs seen in recent months. But beyond this technical pause, the message is clear: crypto still has a long way to go before realizing its ambitions of resilience and independence.

As long as the ecosystem relies on centralized giants like Amazon, it will remain exposed to this type of systemic vulnerabilities. The irony was not lost on observers, who noted the hypocrisy of a sector championing decentralization while depending on the shoulders of a single centralized actor.

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Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

A trader dubbed the “Trump insider” has boosted his Bitcoin short by 200 BTC, bringing his total bearish position to 900 BTC worth about $99.6m.

Ethereum has reclaimed its position as the frontrunner in the digital asset market, leading a powerful comeback for cryptocurrencies in the third quarter of 2025. According to CoinGecko's latest report, the surge was fueled by renewed investor enthusiasm for decentralized finance (DeFi) and the rapid rise of tokenized real-world assets (RWAs), marking a new phase in crypto market evolution.

TLDR:

Péter Szilágyi’s leaked letter accused Ethereum Foundation of power centralization around Vitalik Buterin’s circle.
He claimed Ethereum’s success now depends on relationships with 5–10 key figures tied to venture capital firms.
The developer warned that underpayment and outside advisorships risked “protocol capture” and internal conflicts.
Community responses stressed Ethereum’s “decentralized code but centralized influence,” echoing governance concerns.

A leaked letter from Ethereum core developer Péter Szilágyi has reopened the debate over power concentration inside the Ethereum Foundation. 

The letter, sent in May 2024 and revealed by Wu Blockchain, outlines his frustrations with how influence is distributed across the network. Szilágyi claims that most key projects are controlled by a small inner circle closely linked to Vitalik Buterin. 

His statements paint a picture of Ethereum’s decentralization being more ideal than practice. The revelations have sparked renewed scrutiny from the crypto community over how governance really works within Ethereum.

Ethereum Developer Questions Decentralization and Leadership
Szilágyi wrote that Ethereum’s ecosystem is “failing” him due to internal contradictions between its stated values and actual decision-making. He said his role within the Foundation had been misrepresented, describing himself as a “useful fool” in a structure that rewards loyalty to influence rather than merit.

According to the letter, Szilágyi argued that Ethereum has drifted from its founding ideals. 

He suggested that financial motives have replaced the original principles of open collaboration and fairness. The developer claimed that projects succeed mainly based on their closeness to a small group of powerful figures and venture capital firms surrounding Vitalik Buterin.

He also expressed concern about how the Foundation’s financial policies have shaped this dynamic. Underpaid developers, he said, were often forced to seek outside compensation through advisorships and partnerships, creating conflicts of interest. 

Szilágyi noted that such practices opened the door for what he called “protocol capture,” where a handful of actors influence critical network directions.

His words echoed frustrations shared privately by other developers, who, he claimed, had faced similar moral and financial dilemmas. 

“We built something great, but we’ll shed all our principles once money enters the room,” Szilágyi stated in the letter.

Vitalik’s Influence and the Inner Circle Debate
The letter described Vitalik Buterin as an unintentional “kingmaker” whose opinions shape Ethereum’s success patterns. 

Szilágyi claimed that Buterin’s attention, donations, and endorsements dictate which projects thrive. He added that a small circle of five to ten figures now controls which ventures rise within the network, linking this influence to one to three major venture capital firms.

Szilágyi pointed to projects like Farcaster as examples of how proximity to Vitalik or his network could define success. He warned that Ethereum’s supposed decentralization in structure hides a deeper centralization of influence, where relationships outweigh innovation.

Wu Blockchain shared the letter publicly, bringing attention to Szilágyi’s claims. The crypto community quickly responded, debating whether Ethereum had drifted from its decentralized promise.

Ethereum core developer Péter Szilágyi revealed a letter he sent to the Ethereum Foundation leadership last year, criticizing Vitalik Buterin’s excessive influence and claiming that most projects are controlled by a small circle of 5–10 people and 1–3 venture capital firms behind…

— Wu Blockchain (@WuBlockchain) October 21, 2025

ACY Securities commented on the post, stating that

“if true, it exposes a governance flaw: decentralization in code but centralization in influence.” 

The statement captured the sentiment now circulating across crypto circles, Ethereum may be decentralized by design but increasingly centralized in power.

Szilágyi ended his message by admitting uncertainty about his future in the ecosystem, saying he feels “stuck between two hard places.” The letter’s tone suggested deep frustration rather than resignation but underscored growing unease about Ethereum’s leadership structure.

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Crypto Rover hat in seinem neuesten Marktupdate klare Worte gefunden. Schon gestern warnte er vor dem Widerstandsbereich um 112.000 US-Dollar und genau dort prallte Bitcoin jetzt erneut ab. Die Folge: eine deutliche rote Kerze nach unten. Der Trader sieht darin die Bestätigung, dass der aktuelle Abwärtstrend noch nicht vorbei ist. Während sich viele über den Rückschlag ärgern, bleibt Rover gelassen. Er hat seine Kaufzonen längst vorbereitet und wartet darauf, dass Bitcoin noch etwas tiefer fällt. Nach eigenen Angaben liegen rund 50 Millionen US-Dollar an Kauforders bereit, nicht nur für Bitcoin, sondern auch für Ethereum.

Auch Blackrock ist am Verkaufen, Quelle: https://farside.co.uk/btc/

Auf dem Chart zeigt sich ein klassisches Muster: tiefere Hochs auf der Oberseite, höhere Tiefs auf der Unterseite, eine Phase der Kompression, wie sie typisch ist, bevor es zu einem großen Ausbruch kommt. Für Rover ist entscheidend, ob Bitcoin die Marke um 106.000 US-Dollar hält. Fällt der Kurs darunter, rechnet er mit einem deutlichen Rücksetzer in Richtung 100.000 US-Dollar. Sollte diese Zone halten, wäre ein erneuter Anstieg bis 112.000 US-Dollar denkbar.

Zyklus schon am Ende?
Er beobachtet außerdem die Liquiditätszonen im Markt. Viele Short-Positionen liegen offen, während oberhalb des Kurses noch ungenutzte Liquidität wartet. Das könnte kurzfristig zu einem Short Squeeze führen, wenn größere Player ihre Positionen absichern. Dennoch bleibt der Analyst vorsichtig. Auf Wochenbasis verliert der Markt an Momentum, und der MACD zeigt erste bärische Signale. Für Rover ein Hinweis, dass sich Bitcoin dem Ende seines Zyklus nähert.

Der sogenannte „Bitcoin High-Cycle-Profit-Indikator“ deute ebenfalls darauf hin, dass die Rallye langsam ausläuft. Seine Einschätzung: kein sofortiger Crash, aber ein mögliches Ende der aktuellen Haussephase. Bitcoin könne in eine längere Seitwärtsphase oder sogar in eine mehrmonatige Korrektur übergehen. Trotzdem sieht Rover Chancen für einen letzten Anstieg, eine „Blow-off-Top“-Bewegung, bei der der Kurs ein letztes Hoch erreicht, bevor der Markt endgültig abkühlt.

BITCOIN SHORT SQUEEZE INCOMING! pic.twitter.com/79FqIZiEOL

— Crypto Rover (@rovercrc) October 21, 2025

In dieser Phase plant er, aktiv zu werden. Sollte Bitcoin noch einmal in die Zone um 100.000 US-Dollar fallen, will Rover massiv kaufen. Erst wenn Panik den Markt erfasst, sieht er den idealen Zeitpunkt für neue Long-Positionen. Für ihn bleibt Geduld entscheidend. Auf kurzfristiger Basis ist er weiter neutral bis leicht bärisch, auf mittlere Sicht aber bereit für die nächste große Bewegung.

Sein Fazit: Die Party ist noch nicht vorbei, aber das Licht wird langsam gedimmt. Trader sollten sich auf eine volatile Phase einstellen, in der schnelle Richtungswechsel die Regel sind. Ein Durchbruch unter die 100.000 US-Dollar-Marke könnte den Markt kurzfristig erschüttern, langfristig aber eine attraktive Kaufchance eröffnen.

Als Alternative zu Bitcoin investieren derzeit aber schon viele in den Vorverkauf von Bitcoin Hyper ($HYPER). Schon über 24,4 Millionen US-Dollar wurden investiert, einer der größten Presale des Jahres 2025.

Immer neue Updates, Quelle: https://bitcoinhyper.com/de/news

Bitcoin Hyper als Alternative mit Zukunft
Das Timing für die neue Layer 2 Blockchain könnte kaum besser sein: Am heutigen Dienstag hält die US-Notenbank ihre Konferenz zu Zahlungssystemen, bei der erstmals auch führende Köpfe der Kryptobranche teilnehmen, darunter Vertreter von Chainlink, Fireblocks, Coinbase und BlackRock.

Viele Analysten sehen darin einen wichtigen Schritt hin zu einer engeren Verbindung zwischen klassischem Finanzsystem und Krypto-Sektor, was Bitcoin Hyper in die Karten spielen könnte. Das Projekt baut das erste High-Performance-Layer-2-Netzwerk für Bitcoin auf Basis der Solana Virtual Machine. Ziel ist es, Bitcoin nicht nur als Wertspeicher zu nutzen, sondern als aktiv einsetzbares Asset für DeFi-Anwendungen, Gaming und reale Vermögenswerte.

Mit Transaktionsgeschwindigkeiten auf Solana-Niveau könnte Bitcoin Hyper eine völlig neue Nutzungsdimension eröffnen. Jeder übertragene BTC ist dabei durch echtes Bitcoin im Hauptnetz abgesichert, die Geschwindigkeit steigt, die Sicherheit bleibt. Der native Token HYPER treibt das Netzwerk an, deckt Gebühren, dient als Governance-Coin und kann mit einer dynamischen APY von 49 Prozent gestakt werden.

Angesichts der aktuellen Marktunsicherheit sehen viele Investoren in HYPER eine Chance, indirekt von Bitcoin zu profitieren, über ein Projekt, das den Nutzen der größten Kryptowährung massiv erweitern will. Natürlich sind auch hier die Risiken eines Memecoins zu kalkulieren, schnell Anstiege bieten auch immer die Möglichkeit für schnelle Kursstürze. 

Wer früh dabei ist, kann dennoch günstiger als zum Listingpreis einkaufen. Die laufende Presale-Phase endet in Kürze, der Preis liegt aktuell bei 0,013145 US-Dollar pro Token. Wer an die Zukunft von Bitcoin im Anwendungsbereich glaubt, dürfte Bitcoin Hyper genau beobachten.

Hier noch Bitcoin Hyper Presale Token kaufen.

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Key Takeaways
What’s driving Zcash’s recent price surge and bullish momentum?
 Strong technical indicators, rising retail accumulation, and buyer dominance across markets are fueling the rally.

Why is the $300 level critical for ZEC’s next move?
 It’s a key psychological and technical resistance zone that could confirm a breakout if bulls maintain momentum.

Zcash [ZEC] prices have gained by 8.5% in the past 24 hours, extending its bullish streak over the last four days. 

The token was trading at $238 and still holding firm above the 20-day Exponential Moving Average (EMA) after the recent bounce off at around $187. The support level is proving to be a solid base after the recent strong rejection 4 days ago.

Source: TradingView

Beyond price action, ZEC Stochastic RSI was bouncing from the oversold zone.

That is often the first sign of renewed strength in a market that’s been under pressure. It signals that selling has slowed down, and that buyers are quietly stepping back in.

Momentum is shifting while confidence is returning. These kinds of setups often come before bigger rallies, especially when trading volumes begin to climb.

And right now, ZEC seems to be following that exact pattern.

Buyers dominate as retail activity picks up
Across both spot and futures markets, buyers are dominating. According to CryptoQuant’s Cumulative Volume Delta data, buyer dominance has surged significantly over the last four days.

Source: CryptoQuant

Retail traders are joining in too. Accumulation is climbing, adding fuel to the growing momentum.

That is a convergence of bullish factors, with institutional interest meeting retail confidence. And when bullish factors converge, amplified effects are expected on its price charge.

The bullish on-chain metrics affirm the technical bias.

Source: CryptoQuant

Can ZEC push beyond $300?
The real test for Zcash now sits at the $300 resistance zone, a level that’s both psychological and technical. Breaking above $300 could confirm the strength of this rally.

Liquidity pockets are already building above the current price, hinting that a push toward this zone could stir up some volatility. But if the bulls hold their ground, it might just open the door for a clean breakout.

For now, all metrics and indicator points to a prolonged bullish run. As long as ZEC stays above its EMA support and momentum indicators keep flashing bullish signals, a climb toward $300 looks more like a question of when, not if.

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Ethereum (ETH) treasury firm BitMine Immersion Technologies today announced that it had bought another 203,800 ETH last week. Following its latest purchase, the firm’s total ETH holdings now stand 3.24 million tokens.

BitMine Continues To Stack Ethereum Despite Crash 
According to a press release issued earlier today, BitMine Immersion Technologies, a leading Ethereum treasury firm has further increased its ETH holdings. The firm added another 203,800 ETH over the last week, worth approximately $820 million.

Last week’s purchase has increased BitMine’s total ETH holdings to 3.24 million ETH, representing roughly 2.7% of the active circulating supply. In addition, the company holds 192 Bitcoin (BTC) and $219 in cash. The firm has $1.34 billion in combined crypto and cash holdings.

BitMine’s frequent ETH purchases have propelled it as the leading public company in terms of ETH held on its balance sheet. Earlier this month, the firm had reported that its total ETH holdings had surpassed 3 million tokens. Commenting, Tom Lee, Chairman of BitMine said:

The crypto market saw one of its largest deleveraging events ever last week and this put downward pressure on ETH prices. Open interest for ETH sits at the same levels as seen on June 30th of this year. Given the expected Supercycle for ethereum, this price dislocation represents an attractive risk/reward.  We acquired 203,826 ETH tokens over the past week pushing our ETH holdings to 3.24 million, or 2.7% of the supply of ETH. We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.

Lee added that he sees Ethereum as a “truly neutral” blockchain which is likely to witness growing institutional adoption. He added that BitMine remains committed to accumulating 5% of Ethereum’s total circulating supply.

Source: Coingecko
Following today’s announcement, the NYSE-listed firm’s stock BMNR surged an impressive 7.76%, trading at $53.72 at the time of writing. The stock is up an astonishing 640.87% over the past six months.

Source: Yahoo! Finance
Is ETH Destined For A New High?
As institutional adoption of Ethereum grows, analysts are predicting new all-time highs (ATH) for the second-largest cryptocurrency by market cap. According to crypto analyst HAMED_AZ, ETH can surge to $6,400 on the back of a new bullish wave.

Recent trends show that some institutional investors are even replacing BTC with ETH, due to the latter’s greater flexibility and wider variety of uses. Major asset manager, BlackRock recently shifted some of its BTC holdings to ETH.

That said, some analysts are cautious of the trend of Ethereum treasury firms adding ETH on their balance sheets. At press time, ETH trades at $4,019, up 1.2% in the past 24 hours.

Ethereum trades at $4,019 on the daily chart | Source: ETHUSDT on TradingView.com
Featured image from Unsplash.com, charts from Coingecko, Yahoo! Finance and TradingView.com

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work.
Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential.
In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills.
Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information.
In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery.
Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

Chainlink price appears to be shaping a bullish reversal setup as whales accumulate the token near a key resistance level. The setup could potentially spark a rally toward $24 or higher in the coming days.

Summary

Chainlink price has dropped over 7% in the past week.
Whales increases accumulation of LINK over the past past three days.
LINK Price has formed a bullish pattern on the daily chart.

According to data from crypto.news, Chainlink (LINK) has slipped 7.5% over the past week and is down about 25% from its October peak. Currently trading around $17.74, the token has fallen roughly 36% from its year‑to‑date high when viewed on a broader timeframe.

Still, despite the recent pullback, market sentiment around Chainlink began shifting positively on Oct. 21, fueled by a series of bullish developments that have put the token back in the spotlight.

In an Oct. 20 X post, the Chainlink team highlighted that its oracle services remained fully operational during the widespread Amazon Web Services (AWS) outage observed on Monday that disrupted large parts of the internet. This included major trading platforms like Coinbase and Robinhood, both of which rely heavily on centralized cloud infrastructure. 

The project’s resilience has reignited interest in Chainlink, as it successfully showcased the reliability and robustness of decentralized systems compared to centralized counterparts, boosting demand for its token.

Chainlink is a leading provider of decentralized oracle services, and its network of node operators, backed by cryptographic guarantees and a reputation-based incentive model, has delivered a level of reliability that many other oracle solutions have struggled to match.

As such, Chainlink has become the go-to oracle provider for systems where data integrity is critical.

In its recently released Q3 report, Chainlink Labs highlighted several major partnerships, including collaborations with interbank messaging giant Swift, U.S. clearinghouse DTCC, and its European counterpart Euroclear. The report also mentioned a pilot project with the U.S. Department of Commerce aimed at bringing government data on-chain.

Chainlink also used the update to shed light on its expanding vision that is transitioning from a pure oracle solution into a full-stack infrastructure platform powering tokenized assets and real-world applications.

Meanwhile, data from DeFiLlama shows that Chainlink continues to dominate the oracle landscape, securing over $92.58 billion in total value, around 68% of the entire market. Its closest rival, Chronicle, lags far behind with $10.5 billion in TVS.

A big upcoming development for Chainlink that has also boosted visibility for the token is Chainlink cofounder Sergey Nazarov’s inclusion in the Federal Reserve’s conference on payments innovation, scheduled for Oct. 21. Alongside representatives from Paxos, Circle, and Coinbase, Nazarov is expected to speak on the role of decentralized technologies in building more secure and transparent payment systems.

Such developments have caught the attention of both retail traders and whales, many of whom seem to be positioning early in anticipation of further growth and long-term potential for the project.

Backing this up, data from Santiment shows that whale wallets holding between 100k and 100 million LINK have steadily increased their holdings over the past three days. This accumulation trend is further reinforced by data from Nansen, which reveals notable exchange outflows. 

Source: Santiment
Specifically, the balance of LINK held across centralized exchanges dropped by 3.8% over the past week, bringing the total down to 269.6 million tokens, a sign that investors may be moving their assets into self-custody, typically seen as a bullish signal.

Chainlink price analysis
On the daily chart, Chainlink price appears to have formed a double bottom pattern, a structure often viewed as a bullish reversal, signaling that the recent selling pressure may be easing as buyers step in to defend a key support zone.

Chainlink price has formed a bullish reversal pattern on the daily chart — Oct. 21 | Source: crypto.news
The immediate resistance to watch lies near $20.24, which marks the neckline of this potential reversal formation. Interestingly, this level also lines up with the 50% Fibonacci retracement zone, adding more weight to its importance.

If LINK manages to break above this neckline while the RSI also pushes through its descending trendline resistance, it would likely add strong confirmation to the bullish setup. As of press time, the MACD lines were trending upward, suggesting that momentum is gradually shifting in favor of the bulls.

A confirmed breakout from this double bottom pattern could open the doors for a rally toward $24, which is derived by projecting the depth of the pattern above the neckline level. The target lies 35% above the current price level.

However, if LINK fails to hold above support and drops below $16.47, a level that corresponds with the 38.2 percent Fibonacci retracement, the bullish structure would be invalidated, possibly exposing the token to further downside risk.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Kraken has released an anonymized, aggregate analysis of millions of wallets on its platform showing Australian clients' holdings and trading activity from August 2024–2025, comparing local trends with global averages. The report finds bitcoin held by 36.70% of Australian users (average AU BTC balance $17,409 vs $29,830 globally) and ethereum comprising 33.